host: let's hear from neck in pleasanton, california. hi there. caller: i got through after months of trying. host: glad you made it. caller: me, too. i was about to give up. anyhow, i think the federal government makes a guarantee in all these loans they have been doing. when they do that, the banks, the loners, do not have to worry about it. it is the same thing with public employee pension funds. they're claiming that they're getting 7.5%. so when they lose money, they ask the public to repay them money for their pension, and i do not think that is right. that has got to stop. the other thing is, the housing market was going crazy because people were buying homes and reselling them at greater profit, and they were bragging about all of this. host: ok, let's go to nick timiraos and get a response. guest: it is a very common view. people on both sides of the aisle often say we like to see the government not play this role bang in the housing market. some say the government should play no role b. if you look at the history of federal involvement i